Ohio National Answers Lawsuits On Trail Commission Cut

January 1, 2019 by
John Hilton

In a pair of very different responses, Ohio National responded last week to lawsuits filed in the Southern District of Ohio court.

In an 11-page, point-by-point response to a lawsuit by Veritas Independent Partners, an independent broker-dealer based in Conway, Ark., Ohio National either denied allegations or cited a lack of “sufficient information” to most of the claims.

Veritas is one of many disgruntled former partners with active claims against Ohio National over its decision to abandon contracts, and by extension, trail commissions to be paid out on select variable annuity contracts.